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Chicago Mayor Downplays CFO’s Remarks of a ‘Likely’ Property Tax Hike

Chicago Mayor Downplays CFO’s Remarks of a ‘Likely’ Property Tax Hike

by Phil Hall | Jul 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Chicago Mayor Brandon Johnson is downplaying comments made by his chief financial officer (CFO) that the city could raise property taxes to fill its $1 billion budget deficit. WLS.com reports CFO Jill Jaworski told a Bloomberg that a property tax increase was a...
Ohio House Overides Gov. DeWine’s Vetoes on Property Tax Reforms

Ohio House Overides Gov. DeWine’s Vetoes on Property Tax Reforms

by Phil Hall | Jul 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Ohio House of Representatives voted to override three property tax reform vetoes enacted by Gov. Mike DeWine. The House returned from recess to vote 61-28 in a special session today. The Republican governor used a line-item veto to reject the measures in the...
Hits and Misses for the Real Estate Week of July 14-18

Hits and Misses for the Real Estate Week of July 14-18

by Phil Hall | Jul 18, 2025 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A spike in foreclosure filings, Ohio’s dueling property tax relief efforts, and a congressman facing eviction. From the wild and wooly world of real estate, here are our Hits and Misses for the week of July 14-18. Miss: A Big Uh-Oh. A total of 187,659 residential...
Ohio’s Governor and Attorney General Pursue Rival Property Tax Reform Initiatives

Ohio’s Governor and Attorney General Pursue Rival Property Tax Reform Initiatives

by Phil Hall | Jul 14, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Ohio’s governor and attorney general have respectively launched property tax reform initiatives that are designed to quell the growing discontent regarding how property owners are being taxed. Gov. Mike DeWine announced the formation of his Property Tax Reform Working...
Kentucky Reduces State’s Property Tax Rate for Fifth Straight Year

Kentucky Reduces State’s Property Tax Rate for Fifth Straight Year

by Phil Hall | Jul 11, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Kentucky Gov. Andy Beshear announced the state’s property tax rate has been lowered for the fifth consecutive year. The real state real property tax rate has been reduced from 10.9 cents to 10.6 cents per $100 assessed value. In a statement, Beshear said, “Right now,...
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